Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Bangladesh - 2022
Contents:
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Bangladesh (CIF) - 2022
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Bangladesh (FOB) - 2022
- Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Bangladesh
- Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in Bangladesh
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Bangladesh (CIF) - 2022
The average import price for wadding; other articles thereof, of man-made fibreses stood at $4,979 per ton in 2022, growing by 11% against the previous year. In general, the import price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 22%. The import price peaked at $6,412 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($18,198 per ton), while the price for China ($3,716 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Bangladesh (FOB) - 2022
The average export price for wadding; other articles thereof, of man-made fibreses stood at $6,243 per ton in 2022, reducing by -32.9% against the previous year. Over the period under review, the export price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2016 when the average export price increased by 50% against the previous year. The export price peaked at $9,304 per ton in 2021, and then contracted rapidly in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($7,052 per ton), while the average price for exports to India amounted to $5,738 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+27.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Bangladesh
In 2022, purchases abroad of wadding; other articles thereof, of man-made fibreses decreased by -22% to 1.4K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 52% against the previous year. As a result, imports reached the peak of 1.8K tons, and then fell notably in the following year.
In value terms, imports of wadding; other articles thereof, of man-made fibreses shrank to $7M in 2022. The total import value increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 29% against the previous year. As a result, imports reached the peak of $8M, and then fell in the following year.
| Import of Wadding; Other Articles Thereof, of Man-Made Fibres in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | 3.6 | 5.9 | 4.0 | 7.7% |
| Hong Kong SAR | 0.8 | 1.1 | 0.8 | 1.0 | 7.7% |
| South Korea | 0.5 | 0.5 | 0.4 | 0.7 | 11.9% |
| Taiwan (Chinese) | 0.8 | 0.5 | 0.5 | 0.5 | -14.5% |
| Thailand | 0.2 | 0.2 | 0.3 | 0.4 | 26.0% |
| United Arab Emirates | N/A | N/A | N/A | 0.1 | 0% |
| Others | 0.2 | 0.4 | 0.1 | 0.2 | 0.0% |
| Total | 5.8 | 6.2 | 8.0 | 7.0 | 6.5% |
Top Suppliers of Wadding; Other Articles Thereof, of Man-Made Fibres to Bangladesh in 2022:
- China (1085.2 tons)
- Hong Kong SAR (79.6 tons)
- Thailand (77.9 tons)
- Taiwan (Chinese) (70.8 tons)
- South Korea (39.2 tons)
- United Arab Emirates (31.6 tons)
Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in Bangladesh
In 2022, exports of wadding; other articles thereof, of man-made fibreses from Bangladesh soared to 75 tons, rising by 874% against the year before. Overall, exports showed a significant expansion.
In value terms, exports of wadding; other articles thereof, of man-made fibreses soared to $470K in 2022. In general, exports enjoyed a significant expansion.
| Export of Wadding; Other Articles Thereof, of Man-Made Fibres in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 88.2 | 121 | 71.9 | 290 | 48.7% |
| China | 6.6 | 1.8 | N/A | 174 | 197.6% |
| Singapore | 86.5 | N/A | N/A | N/A | 0% |
| Saudi Arabia | N/A | 691 | N/A | N/A | 0% |
| Others | 7.0 | 2.2 | N/A | 6.0 | -5.0% |
| Total | 188 | 816 | 71.9 | 470 | 35.7% |
Top Export Markets for Wadding; Other Articles Thereof, of Man-Made Fibres from Bangladesh in 2022:
- India (50.6 tons)
- China (24.6 tons)
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